Texas Financial Advisors Moved Practices to LPL

Three advisors managing $430 million in combined assets have shifted their practices to LPL Financial.

Updated on Sept. 24, 2026 in Financial Planning

Isometric editorial illustration of three steel support beams beneath a glass canopy against a desert background, symbolizing structural financial shifts. — Three financial advisors managing $430 million in combined assets have moved their practices from Raymond James to LPL Financial. AI Illustration. Upload story photo >

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Financial advisors Jon Burnett, Dan Fowler, and Chad Carlile moved their Texas-based practices from Raymond James Financial Services to LPL Financial. The move impacts the management of approximately $430 million in client assets across Amarillo, Pampa, and Lubbock.

Why it matters

This shift highlights the ongoing movement of financial advisory practices between independent broker-dealer firms as advisors seek platforms that align with their operational needs. Clients of these advisors will now see their accounts managed through LPL Financials custodial and investment platforms.

The three advisors manage a combined $430 million in assets across three Texas locations. They have collaborated for over 14 years, having previously been affiliated with LPL Financial between 2012 and 2022.

The players

Jon Burnett

Lead advisor at Burnett Financial Services in Amarillo who has 30 years of experience in the business.

Dan Fowler

Lead advisor at Fowler Investment Services in Pampa.

Chad Carlile

Lead advisor at Carlile Investment Services in Lubbock who has 20 years of experience in the industry.

LPL Financial

A broker-dealer and custodial platform provider that hosts financial advisory practices and offers investment services.

Raymond James Financial Services

An independent financial services firm that provides custodial and brokerage support to independent financial advisors.

The details

The advisors, Jon Burnett, Dan Fowler, and Chad Carlile, transitioned their operations to LPL Financials broker-dealer, registered investment advisor, and custodial platforms. They cited familiarity with LPLs existing technology and support model as primary drivers for the move. This relocation consolidates their practice management back to a platform they utilized for a decade prior to 2022.

2012-2022: Period during which the advisors were previously affiliated with LPL.
September 24, 2026: LPL Financial announced the move of the advisor practices.

Money Landscape

The move reflects the broader industry trend of independent advisors migrating between broker-dealer platforms to optimize their service infrastructure. This transition aligns with the historical pattern of practices returning to previously utilized custodians to leverage familiar operational efficiencies.

Clients of Burnett, Fowler, or Carlile may receive updated documentation regarding their account custodial arrangements and digital platform access. If you are a client of these firms, consult with your advisor or a qualified professional to confirm how this platform shift affects your specific account reporting.

The takeaway

Advisory firm transitions typically require minimal action from individual clients, though they may receive notices about new online account portals. Review all correspondence regarding your investment accounts to ensure you understand any changes to your service platform or fee structure.